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20121222
20121222
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to build a new airport south of the metropolitan area of chicago. >> airports are the one thing we do in america that people get when it comes to the partnerships. there's always criticism of this, criticism that the governments don't have money, there are criticisms that governments don't make the rht decisions. the city of chicago famously struggled with its public/private partnership on its parking meters in 2008. the city leased its system to a group of private investigators. they did a poor job of managing the transition. there were steep rate hikes and confusion and it resulted in the downgrade of the city's credit rating. i know that's not one of your projects. >> no, that's right. >> what are the lessons of that type of thing for your own initiatives? >> you got to be very careful. you know, the city also did one with the skyway, a bridge across from chicago to indiana. that was done in a better fashion. if it's not carefully done, it can really backfire. so that's why we take each step and do it in a very reasonable sound way. we're embarking on this. this is brand new for ou
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